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CTI Funded Trader Updates: Last Chance to Claim Your Discount!
Trading in 2024 is off to a great start, with traders at CTI achieving impressive results. If you've recently joined us, welcome to the CTI family! We're excited to see you succeed this year.
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FUNDAMENTAL UPDATES: What's Happening in the Market?
OVERVIEW:
Next week, keep an eye on the release of US CPI numbers for December. Recent months have seen a decrease in inflation, influenced by changes in goods and services prices. As we move into 2023, oil prices are approaching opening levels, potentially impacting headline inflation.
TECHNICAL ANALYSIS:
DXY - Price attempted to break out but faced rejection, pulling back to the upper trendline. Bulls need to break the 103.500 level for control. Watch the supply and demand zone on the 4hr; a breakout could lead to a higher trade.
WHAT TO LOOK FOR?
Major events for the dollar are on Thursday and Friday. Thursday brings employment data and CPI at 13:30 UK time, and Friday features PPI MoM at the same time.
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Happy Trading,
CTI Team
CTI, Dubai Silicon Oasis, Building A2, DDP, Dubai, United Arab Emirates